Dell Technologies (NYSE:DELL) Releases Quarterly Earnings Results

Dell Technologies (NYSE:DELL) released its earnings results on Thursday. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.36, FiscalAI reports. The company had revenue of $33.38 billion during the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.Dell Technologies’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.68 earnings per share. Dell Technologies updated its Q1 2027 guidance to 2.900-2.900 EPS and its FY 2027 guidance to 12.900-12.900 EPS.

Here are the key takeaways from Dell Technologies’ conference call:

• Dell reported a record FY26 with $113.5B revenue, $10.30 EPS, and industry-leading cash generation (over $11B), driving strong shareholder returns and share repurchases.
• AI demand is accelerating materially — Dell booked $34.1B of AI orders in Q4, shipped $25.2B in AI this year, exited with a $43B AI backlog and says its AI customer base tops 4,000.
• Management guided FY27 to another strong year: revenue of $138B–$142B (midpoint +23%) and non‑GAAP EPS of about $12.90, driven by ~100% AI revenue growth to ~$50B.
• The company warns of severe supply tightness and rising memory/NAND costs that are causing frequent pricing resets and shorter quote windows, creating execution and margin risk — especially near‑term in the high‑volume CSG channel where repricing lags.
• Dell increased shareholder returns and confidence in cash flow with a 20% dividend hike to $2.52 per share and a $10B expansion of its buyback authorization, signaling strong balance‑sheet flexibility.

Dell Technologies Trading Down 1.6%

Shares of Dell Technologies stock traded down $1.96 during trading on Thursday, hitting $121.52. The stock had a trading volume of 14,177,681 shares, compared to its average volume of 7,339,420. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $168.08. The firm has a market cap of $80.53 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 0.80 and a beta of 1.03. The business’s 50-day moving average is $120.74 and its 200 day moving average is $131.92.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, January 20th. Dell Technologies’s payout ratio is 28.00%.

Analyst Ratings Changes

DELL has been the subject of several research analyst reports. Mizuho raised their target price on Dell Technologies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Bank of America lifted their price objective on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Morgan Stanley decreased their price target on shares of Dell Technologies from $111.00 to $101.00 and set an “underweight” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lowered their target price on Dell Technologies from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.53.

Key Stories Impacting Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Record Q4 results — Dell delivered better‑than‑expected Q4 revenue and EPS, driven largely by strong AI server sales, which investors view as confirmation the company is capturing AI infrastructure demand. Dell forecasts fiscal 2027 revenue above estimates
• Positive Sentiment: Upgraded outlook — Dell issued FY‑2027 and Q1 guidance above Wall Street expectations (management set fiscal EPS guidance materially higher than consensus), signaling continued top‑line strength into the new year. Dell Delivers Strong Q4 CY2025 Numbers
• Positive Sentiment: Shareholder return — Dell announced a 20% dividend increase, which supports income investors and can reduce downside volatility. Dell’s stock soars, as record earnings signal the company is managing memory shortages well
• Neutral Sentiment: Product momentum — New server introductions (e.g., XR9700) and a reported record AI server backlog underpin the revenue narrative but are medium‑term catalysts rather than immediate cash drivers. Inside Dell’s Backpack‑Sized XR9700
• Neutral Sentiment: Investor materials available — Conference call transcript and slide deck provide more detail on margins, backlog and capital allocation; these will shape analyst revisions over the coming days. Dell Q4 earnings materials
• Negative Sentiment: Macro/market pressure — Broader intraday tech weakness (Nvidia‑led swings) capped gains and contributed to short‑term pullbacks despite the strong print. Traders sensitive to AI‑hardware news can amplify volatility. Equity Markets Mostly Fall Intraday as Nvidia Drags Tech Lower
• Negative Sentiment: Analyst adjustments — Some analysts trimmed price targets (e.g., Wells Fargo lowered its PT while keeping a buy rating), which can temper the immediate upside even though the long‑term thesis remains intact. Wells Fargo Lowers PT on Dell

Insider Buying and Selling

In other Dell Technologies news, Director Egon Durban sold 71,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total value of $9,806,520.00. Following the transaction, the director directly owned 1,172,428 shares in the company, valued at $161,935,755.36. This represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Rossby Financial LCC increased its position in shares of Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in Dell Technologies in the 4th quarter worth approximately $29,000. WealthCollab LLC increased its holdings in shares of Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after buying an additional 114 shares during the last quarter. State of Wyoming bought a new position in shares of Dell Technologies in the 2nd quarter worth $33,000. Finally, Elkhorn Partners Limited Partnership raised its position in shares of Dell Technologies by 50.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 300 shares of the technology company’s stock valued at $38,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.